Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, February 2, 2012

Reigning The Bank Nifty 2nd February 2012

 Daily Chart

Bank Nifty has underperformed the Nifty by failing to make a new high in this rally. Also,unlike Nifty,  the Bank Nifty has failed to cross the downtrendline from Novemebr highs. A hanging man candle was formed  which is a bearish sign.

Tighten stops on longs .A potential double top too may have been formed.A break below 9509 could precipitate a downward move.

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Happy Trading !!
Lakshmi Ramachandran

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